Red Lobster considers bankruptcy to deal with leases and labor costs

Weekend talks have produced a tentative labor contract that will help the GM unit to avoid bankruptcy......»»

SEOUL (Reuters) - General Motors Co's South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation......»»

SEOUL (Reuters) - General Motors' South Korean unit said that it has reached a tentative wage deal with its labor union on Monday, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the loss-making operation......»»

SEOUL (Reuters) - General Motors' loss-making South Korean unit and its labor union failed to reach a wage deal by Friday, breaching a deadline set by the U.S. automaker to seek bankruptcy protection for the unit......»»

SEOUL (Reuters) - General Motors has said its loss-making South Korean operation would file for bankruptcy if its union failed to agree to cut labor costs by Friday, heaping pressure on workers and the South Korean government to approve a rescue plan......»»

The state and Arlington County worried until the end that their high costs for labor and real estate might lose the deal......»»

The state and Arlington County worried until the end that their high costs for labor and real estate might lose the deal......»»

Microsoft is pumping money into data center expansion over the next half-decade, but expects to save serious dough on office leases, the company revealed in its latest earnings report......»»

WeWork has announced plans to keep one of its Brooklyn locations......»»

Red Lobster, home of the endless shrimp, mulls bankruptcy after spoiling its customers with all-you-can-eat lobster: report.....»»

After filing for Chapter 11 bankruptcy earlier this month, 99 Cents Only Stores has initiated a bankruptcy sale to offload hundreds of its real estate assets, including corporate-owned stores, development sites and leases......»»

A report from Bloomberg today says that Red Lobster has engaged with a law firm as it.....»»

In 2022, the global automotive industry installed 135,000 new industrial robotics, according to the International F.....»»

McKinney, Texas-based building materials company SRS Distribution — which will be acquired by The Home Depot in an $18 billion deal — is expanding its presence near Houston's George Bush Intercontinental Airport (IAH)......»»

After strippers at Star Garden, a topless dive bar in No.....»»

AutoZone says the federal government mandating a $15 per hour minimum wage would result in the company raising prices in order to offset the higher labor costs......»»

The space became available after retailer Pier 1 Imports sank into bankruptcy in 2020. It's since been upgraded and snatched up by a major company expanding into the region, a broker for CBRE says......»»

The deal combines one public company that just acquired a competitor with another that just exited bankruptcy......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Retailers like Bed Bath & Beyond and General Mills have sounded the alarm on the higher costs, which are further complicating a labor shortage and other issues. Bob Riha Jr./Reuters Bob Riha Jr./Reute.....»»